Remove China Remove Market Remove Production Remove Stimulus
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BYD sells 18,220 EVs in China in November, up 128% year-on-year

Green Car Congress

Its January-November production fell by 9.7% China’s NEV industry was hit by the Covid-19 outbreak in this year’s first quarter. The market began to recover in the second quarter, supported by government stimulus measures to encourage the use and purchases of such vehicles, notes Argus Media. on the year.

BYD 294
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China EV industry sell-off creates opportunity, says Morgan Stanley

CN EV Post

However, in Morgan Stanley's view, the sales potential of China's EV companies in the second half of the year is underestimated at a time when costs are sliding. "We That, combined with weak full-year sales following the stimulus withdrawal, could dampen sales volumes and margins for EV brands in the first half of 2023, the team said.

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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

Green Car Congress

IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 China slowly gaining momentum after shutdown. Most commercial vehicle factories in mainland China have returned to production. decline in global real GDP in 2020.

2020 191
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ZAP, Zhejiang Jonway Partner to Target China and Export EV Markets

Green Car Congress

US-based electric vehicle provider ZAP and China auto manufacturer Zhejiang Jonway Automobile Co. have entered a commercial agreement to produce electric sport utility vehicles (SUVs), cars and other electric vehicles in China for domestic and global distribution. The conventional A380 is powered by a 1.6- liter Mitsubishi engine.)

China 186
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Pike Research forecasts global biofuels market to double by 2012 to $185.3B

Green Car Congress

Pike Research forecasts that the global market for biofuels will more than double over the coming decade, increasing from $82.7 At least 38 national governments have enacted blending mandates or targets to accelerate the expansion of biofuels production and consumption in the transportation sector. billion in 2011 to $185.3

Global 253
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ABB launches first DC fast charger compliant with Chinese GB standard

Green Car Congress

The launch of the Terra 53 Z DC fast charger turns the Terra 53 series into the world’s first DC fast charging solution to offer specific types complying with the three global open charging standards: SAE Combo, CHAdeMo and China GB. ABB will create other types of DC chargers using the Chinese GB standard and localize production in Shenzhen.

DC 253
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IHS Markit: global auto sales to drop 22% this year

Green Car Congress

IHS Markit cut its forecasts for global light vehicle sales and production as the impact COVID-19 impact has depressed demand. IHS Markit forecasts a similar decline for global light vehicle production, falling to 69.3 In recent weeks, Mainland China is seeing some recovery, while much of the rest of the world remains in lockdown.

Global 150